Final answer:
The requirements for employees to exclude certain fringe benefits under IRC 132 are: No Additional Cost Services, Qualified Employee Discounts, Working Condition Fringes, and De Minimis Fringes.
The correct answer is all of these that not mention in options.
Step-by-step explanation:
Under IRC 132, there are specific requirements for employees to exclude certain fringe benefits:
No Additional Cost Services: These are services provided by the employer at no additional cost to the employee, such as discounted tickets for entertainment events or employer-provided cell phones. To be excluded, the service must be offered to customers in the ordinary course of the employer's business and must not result in a substantial cost to the employer.
Qualified Employee Discounts: These are discounts on goods or services provided by the employer to employees. The discount must not exceed the gross profit percentage the employer generally provides to customers and should be offered on a nondiscriminatory basis.
Working Condition Fringes: These are benefits that enable employees to perform their jobs more effectively, such as providing tools, equipment, or training. The benefit must be primarily for the convenience of the employer and must be used by the employee while performing their job.
De Minimis Fringes: These are benefits of little value and difficulty to account for, such as occasional snacks or traditional holiday gifts. The value of the benefit must be so small that accounting for it is unreasonable or administratively impracticable.